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Entrepreneurship Management
Training
and
Entrepreneurship DevelopmentProgramme in India
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CONTENTS
INTRODUCTION
EDPs
Importance of training
Methods of training
EDP- Need and importance
Phases of EDP
Selection of entrepreneurs for EDP
Training programme - Course contents Pre requisites of EDP
Organizations providing EDP
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INTRODUCTION
Entrepreneurship means "the process of theentrepreneur".
It is an attempt to create value through recognition
of business opportunity. It
is basically communicative and management
functions to mobilize financial and material
resources.
Entrepreneurship is the practice of starting neworganizations or revitalizing mature organizations
particularly new businesses, generally in response
to identified opportunities. (Wikipedia)
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The entrepreneurial activity is governed by
varying combination of socioeconomic,Psychological, cultural and ten other factors:
Caste, religion, Family background, Level of
education, Level of perception, Occupational
background,
Migratory character, Entry into
entrepreneurship, Nature of enterprise,
Investment capacity and Ambition/moderation.
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In developed countries the National Income
growth is mostly contribute by private
entrepreneurs. First Generation Entrepreneurs (FGE) are
those who newly establish their businesses.
EDP activities are mainly concerned withFGEs as they cannot attend various
activities on their own.
ENTREPRENEURSHIP DEVELOPMENT
PROGRAMMES (EDPs)
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The development process covers many activities
like
Selection of location
Machinary Selection
Training of employesAssistance for Project report
Guidance for financial assistance
Training in sales & services
Changes & improvements in an enterprise etc.
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IMPORTANCE OF TRAINING Ensures availability of skilled manpower at all
management levels
Enhancing abilities, potential among entrepreneurs
Increase efficiency
Maintain and enhance product quality
Minimize wastages in production process
Minimize accidents on the job
Reduce fatigue and increase speed of work
Standardization in industr and internal rocesses
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Methods of Training
Individual instruction
Group instruction
Lecture method
Demonstration method
Written instruction method
Conference
Meetings
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EDP Designed with an aim of encouraging self employment
Imparts training and motivates potential and existing
entrepreneurs to start new business or diversify and
expand the existing one
Helps employment and wealth creation among educated
unemployed youth
Well equipped to face risks and challenges as an
entrepreneur
Government needs considerable human and material
resource, importance to detailed planning &
implementation
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Phases of EDP
Select area from existing government policy
guidelines/socio-economic reports
Techno-economic survey of the selected area; feasibility
study
Identify potential and existing entrepreneurs interested in
starting new business/expansion/diversification
Training
Follow up and consultancy services
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Selection of entrepreneurs for EDP
The programme is well publicized and promoted to attract maximum
applications for screening
Selection of top 25 to 30 applicants only
Applications screened for:
Demographics (The characteristics of human populations and population
segments, especially when used to identify consumer markets: eg:The
demographics of the Southwest indicate a growing population of older
consumers. )and socio cultural data age, education, work exp, financial
resources, type of business etc
Motivation factors pull factors, source of encouragement, credibility,
endurance, concreteness of plans
Psychological test results- traits like risk taking, need for achievement
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Training Course contents
Introduction to entrepreneurship
Motivation training
Essentials of management
Fundamentals of project feasibility study
Organising the business
Plant visit
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Organizations providing EDP
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National Institute for entrepreneurship and Small
Business Development (NIESBUD)
Established by Government of India in 1983
An apex body for coordination and supervison on activities of variousinstitutes engaged in entrepreneurial development
Helps evolution of EDP, model syllabi, effective training strategies,methodology, manuals and tools
Activities undertaken:
Organise and conduct training programmes
Coordinate training activities of various agencies/institutes
Provide affiliation to such institutes
Hold examinations and confer certificates to trainers and trainees
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Small Industries Service Institutes (SISI)
Three months part time evening courses in management
4-6 weeks part time courses in intensive training infunctional areas (marketing, finance)
Special courses in quality control, HR, production planning,product development etc
Mobile workshops imparting training on correct usage of
tools and equipment
Helps with preparation of plant layouts
Helps individual firms on specific problems faced
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Small Industries Development Organisation
(SIDO)
Runs EDP in collaboration with financial institutes,
directorate of industries
Gives on the job training on shop floor (carpentry,
electrical devices)
Sends its officials/trainers to organisations to update theirknowledge
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National Small Industries Corporation
(NSIC)
Provides apprenticeship for 2 years
Training supervisory staff of SSI up to 2 years
Training to engineers up to 2 years
Training workmen for 12 months
Training to set up own venture
Advice on machinery and components
Production of technologically advanced machines
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Entrepreneurship Development Institute of
India (EDII)
Develops programmes for entrepreneurial training anddevelopment
Develops innovative training techniques for trainers
Focused attention on women entrepreneurs with first suchEDP in 1988
EDP for rural entrepreneurship development in U.P andOrissa
Famous for organizing camps on entrepreneurship
Conducted EDP in Sri Lanka, Nepal, Ghana, Kenya etc
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National Alliance of Young Entrepreneurs
(NAYE)
Contribution in encouraging women entrepreneurship
Set up womens wing in 1975
This wing assists women in:
Getting better access to resources, infrastructure, markets
Identify investment opportunities
Attending to problems of individual industries
Sponsor participation in trade fairs, exhibitions, conferences
Organise seminars, training programmes, workshops
Entrepreneurship Management
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